Mayor Cautions Against Getting Hooked on Gaming Revenue
By 250 News
Mayor Colin Kinsley is concerned that revenue from gaming is being used in the operations budget for the City "I for one am very nervous about becoming dependant on revenue which is controlled by a third party." said the Mayor, "When you become dependant on it, then it's taken away that's when you get bit."
Last year, the City received $2.35 million from gaming, and $754 thousand went to operations with another $1.56 million put towards capital budgets.
For 2006, the split is a alittle different with $2.35 million dollars expected, $1.225 million going to capital and a further $1.1 million earmarked for operations.
The Mayor says "It's great to make ourselves look good by holding taxes by adding that money to the operations budget, but, gaming revenue should be kept in capital. It is easy to put off a capital project if the money's not there."
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